Home rents across the United States edged down in November, in line with a slowdown usually seen during winter, real estate marketplace Zillow said in a report on Dec. 18.
The typical U.S. asking rent declined 0.3 percent from October to $1,925 in November, mirroring patterns seen in recent years, the report said, adding that cooler weather and fewer home transitions are easing pressure on rental prices.
“Over the past year, the rental market has moved firmly in favor of renters. New supply and lower churn have contributed to a calmer pace of rent changes across many metros. Rent growth is now somewhat lower than before the pandemic,” Zillow said….